Dad with young child on laptop

Our overdrafts are designed to help you meet unexpected expenses or bridge the gap between your salary coming in and payments going out.

Understanding the recent CCCFA changes

Consumer lending laws have recently changed, find out how this may impact you and your application.

Key features & benefits

  • Your overdraft will have an approved overdraft limit which you can borrow up to as you need.

  • You'll only pay interest on the money you use and there's no minimum monthly payment.

  • No monthly account or application fees.

Rates & fees

Account management fee


Application fee


Preferential overdraft rate

If you have a Kiwibank Home Loan

Authorised overdraft rate

A standard overdraft within your approved limit

Unauthorised overdraft rate

If you don't have an approved overdraft limit and your account is overdrawn

Tertiary and Graduate overdraft rate

If you have a Tertiary Pack or Graduate Pack

Interest rates are subject to change. Service fees may apply.

How it works


To be eligible for an overdraft, you must meet the following criteria:

  • You have to be 18 years of age or over.
  • You must be a New Zealand citizen or permanent resident.
  • You must have a good credit history – this means you haven't been declared bankrupt or you have no unpaid defaults or collections.
  • You'll need your regular income to be credited into your Kiwibank account.
  • You'll need to meet affordability requirements which relate to your income and expenses.
  • You must have a stable employment history and be employed in New Zealand.

We need to be comfortable that your financial situation can support an overdraft. As part of the application, you may need to provide proof of income and you'll need to provide details about your monthly expenses, assets and liabilities. Having this information handy can help speed up the application process. We’ll also do a credit check as part of the application process.

Financial hardship assistance

If you have an overdraft and you're having trouble managing payments, see our financial hardship page for more information or call 0800 222 224. Please don't be afraid to talk to us - the sooner you do, the sooner we can work out what we can do to help.

Apply for an overdraft

If you meet all the eligibility criteria above, fill out the application form and email it to applications@kiwibank.co.nz.